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04-Dec-2012

PHOTO CAPTION: Tesla Model S base price now $59,900.

Tesla Hikes Model S Price $2,500US

New base price of $59,900 before federal tax credits kick in.

If you're looking to pick up an electric car – specifically, Tesla's Model S luxury vehicle – the company is turning the screws just a little bit. Turning the screws… and raising the prices.

We previously reported that Tesla was interested in bumping up the cost of its Model S electric vehicle, but it wasn't clear at that time just how much – or by when – the company would make the switch.

However, all of the key details have since been revealed in an official Tesla blog post, and those who might be interested in owning Motor Trends' "Car of the Year" would be wise to finalize their orders by the end of the year. Starting January 1, the prices are going up.

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